Home improvement, or renovation of an existing home, is an important part of homeownership. It is an activity in which the homeowner or their hired contractor takes control of a portion of their property and transforms it into something more useful, attractive, or functional.
The home improvement industry has been experiencing a boom over the past three years. This article will explore the latest stats, trends, and industry predictions regarding this popular home renovation sector.
One of the most common reasons to renovate your home is to increase its value. However, you should remember that your own comfort and enjoyment are also important factors that should be considered before deciding to spend money on a project that may not pay off if you decide to sell the house in the future.
It is important to consider the style and value of other homes in your neighborhood before deciding on any major home improvements that will be visible from the street. Otherwise, you might make your home look out of place and be negatively impacted by any resulting neighborhood stigma.
Television home improvement shows like Bob Vila’s This Old House have helped to fuel interest in DIY projects and a culture of homeowners taking pride in their homes. However, some improvements can be quite dangerous for untrained amateurs and could result in serious injury or even death. For this reason, it is always a good idea to hire a licensed and insured professional to perform any type of home improvement project.